Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZX backs NZ’s growing angel movement

3 September, 2014

NZX backs NZ’s growing angel movement

NZX, the operator of New Zealand’s stock exchange, has thrown its support in behind New Zealand’s growing angel movement, by sponsoring the Angel Association of New Zealand (AANZ).

Angels are businesspeople who invest their money and often their time in early-stage and startup companies in order to help them grow and become the next generation of employers and innovators.

This partnership between AANZ and NZX is an important one as it not only provides extra resource to help New Zealand angels develop their skills and networks on a national basis, it also strengthens ties for companies-backed by angel investors with the more formal capital markets, says Marcel van den Assum, an angel investor and chairman of the AANZ.

“We’re delighted to announce this sponsorship. Angel HQ, the angel network I’ve been associated with since its inception, launched at NZX six years ago with the aspiration that ventures funded at this level would become opportunities for a wider network of investors to support through NZX. There is much angel-backed companies can learn from the people at NZX and from New Zealand’s many listed companies, their directors and their shareholders, many of whom are also angel investors. We look forward to strengthening our relationship still further over the coming years and providing a pipeline of companies for the new NXT market that NZX will soon launch.”

Aaron Jenkins, NZX’s Head of Markets says NZX’s decision to support the Angel Association was a logical one. “We have mutual and complementary goals. We both want to encourage young New Zealand businesses to ‘take on the world’ for the economic benefit of all New Zealanders. The Angel Association is a key part of the critical breeding ground for New Zealand businesses as well as a representative body of educated investors. These are both important components of our capital markets and particularly NZX’s soon to launch NXT market.

“Ideally, once they’ve proven their abilities, we’d like to see a greater proportion of these growing businesses coming to our public markets to raise the capital they need to fuel the next stages of their growth. NZX also has a focus on improving investor literacy among everyday New Zealanders to encourage more people to take an interest in New Zealand’s capital markets and the businesses that rely on those markets.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Real Estate: Housing Prices Head South In Most Of NZ

Housing became more affordable for first home buyers in many parts of the country including Auckland last month, as falling prices more than offset rising mortgage interest rates. More>>

ALSO:

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:

NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news